The Politics of Corporate Responsibility and the Oil Industry
This paper examines the evolution and state of corporate social responsibility (CSR) in the oil industry, focusing on initiatives and institutions related to environmental management, climate change, human rights, community development and revenue transparency. We explain why some companies have taken a leadership role in CSR, as well as why there have been significant variations in response both within and between companies. Particular attention is paid to political and institutional dimensions, notably the role of transnational activism and civil society organisations, the 'hegemonic' strategies of organised business interests, and broader institutional and policy contexts associated with varieties of capitalism analysis. The paper concludes with a discussion on corporate accountability, identifying certain regulatory approaches and political developments that might enhance the contribution of oil companies to social and sustainable development.
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Document Type: Research Article
Publication date: 2006-05-01
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